Your Virtual Credit Manager

FEBRUARY 21, 2023

That certainly holds true for business processes, including the management of your Accounts Receivable (AR) and the part it plays in the order-to-cash process. If your AR is deteriorating, you better diagnose the problem as quickly as possible so you don’t incur cash flow problems and bad debt losses.

DSO 130

DSO Credit and Collections Collection Effectiveness Index Bad Debt 130

Your Virtual Credit Manager

SEPTEMBER 12, 2023

To make matters worse, invoice errors also tend to generate payment deductions (partial payments). Correcting invoices and reconciling payment deductions are essentially rework: work that is not necessary if you got it right the first time. To make matters worse, most payment posting errors will involve deductions.

Credit and Collections 130

Credit and Collections Bad Debt Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

JANUARY 9, 2024

In contrast, profit driven enterprises often miss opportunities because they are too restrictive out of a fear of bad debt losses. Share Streamlining Processes and Workflows Another area where being proactive can reduce downstream issues involves your order-to-cash (O2C) process and the tasks associated with it.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. They occur because a customer does not receive your product or service as ordered, or feels the invoice is incorrect. Many firms incur a substantial volume of deductions.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Your Virtual Credit Manager

APRIL 11, 2023

In fact, a hands off approach will only serve to compound the weaknesses in your order-to-cash (O2C) process. Sometimes the errors are in the billing process, but they can also result due to missteps in the order fulfillment process. Accounts Receivables (AR) require active management. Laissez-faire doesn’t cut it.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 130

Gaviti

JULY 11, 2024

Disputes and deductions. Track, code, route and resolve customer disputes and deductions quickly by identifying recurrent issues and taking a proactive approach to future issues. This can be especially helpful in maximizing cash inflows and minimizing bad debt. Reports and analytics.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

Emagia

FEBRUARY 5, 2023

The process can get more cumbersome if deductions are involved. Enterprises that have large number of customers across regions and huge volume of invoices can manage cash application quickly and efficiently only with automated AR solutions. How Does an Efficient AI-powered AR Software Benefit Businesses?

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Your Virtual Credit Manager

MAY 23, 2023

Any subsequent collection expenses and bad debt write-offs are more easily recouped through additional sales than if your gross margins are low. If a customer regularly pays late, constantly takes payment deductions, generates a high return volume, or constantly raises disputes, your net profits will be negatively affected.

Bad Debt 49

Bad Debt Credit and Collections Deductions Credit Risk 49

Serrala

MARCH 14, 2024

All of which can be accessed in real-time for an up-to-date and accurate overview of your company’s cash position. Read more our FS² Collections software for collections, deductions, and disputes is the most comprehensive available, allowing you to centralize and standardize to improve customer engagement and reduce time to pay.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52